Sprouts Farmers Market, Inc. (NASDAQ:SFM) Shares Sold by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC decreased its position in shares of Sprouts Farmers Market, Inc. (NASDAQ:SFMGet Rating) by 45.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,577 shares of the company’s stock after selling 12,064 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Sprouts Farmers Market were worth $405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ExodusPoint Capital Management LP acquired a new stake in Sprouts Farmers Market during the third quarter valued at $2,121,000. Vanguard Personalized Indexing Management LLC grew its position in Sprouts Farmers Market by 48.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,015 shares of the company’s stock valued at $431,000 after buying an additional 5,529 shares during the period. Shell Asset Management Co. grew its position in Sprouts Farmers Market by 2.6% during the third quarter. Shell Asset Management Co. now owns 14,609 shares of the company’s stock valued at $405,000 after buying an additional 365 shares during the period. Inspire Investing LLC grew its position in Sprouts Farmers Market by 13.0% during the second quarter. Inspire Investing LLC now owns 8,337 shares of the company’s stock valued at $211,000 after buying an additional 956 shares during the period. Finally, Artemis Investment Management LLP acquired a new stake in Sprouts Farmers Market during the third quarter valued at $6,852,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Activity

In other news, CEO Jack Sinclair sold 66,709 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $32.85, for a total value of $2,191,390.65. Following the sale, the chief executive officer now directly owns 290,928 shares of the company’s stock, valued at approximately $9,556,984.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider David Mcglinchey sold 8,321 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $273,344.85. Following the sale, the insider now directly owns 43,151 shares of the company’s stock, valued at approximately $1,417,510.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jack Sinclair sold 66,709 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $2,191,390.65. Following the sale, the chief executive officer now directly owns 290,928 shares in the company, valued at $9,556,984.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,492 shares of company stock valued at $2,479,912. Company insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

SFM has been the topic of several analyst reports. Northcoast Research lowered shares of Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th. BMO Capital Markets lifted their target price on shares of Sprouts Farmers Market from $21.00 to $26.00 and gave the company an “underperform” rating in a research report on Monday, March 6th. The Goldman Sachs Group lifted their target price on shares of Sprouts Farmers Market from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Wednesday, November 30th. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 target price on shares of Sprouts Farmers Market in a research report on Monday, March 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sprouts Farmers Market from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.57.

Sprouts Farmers Market Price Performance

Sprouts Farmers Market stock opened at $33.03 on Friday. The company’s 50 day simple moving average is $32.04 and its 200-day simple moving average is $30.98. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.38 and a beta of 0.39. Sprouts Farmers Market, Inc. has a 1 year low of $22.56 and a 1 year high of $35.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.70 and a current ratio of 1.29.

Sprouts Farmers Market (NASDAQ:SFMGet Rating) last released its quarterly earnings results on Thursday, March 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. Sprouts Farmers Market had a net margin of 4.08% and a return on equity of 25.40%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. As a group, equities research analysts expect that Sprouts Farmers Market, Inc. will post 2.51 earnings per share for the current year.

Sprouts Farmers Market Company Profile

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Sprouts Farmers Market, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.

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Institutional Ownership by Quarter for Sprouts Farmers Market (NASDAQ:SFM)

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